In my previous chart I made a bold statement that it would not drop below 115. It dropped to 115.11. We are currently playing around a key launch area around the low 120's. There are some price points we have to meet in order for the 115 call to be validated. LTC has to push past 133 and then march up 140 and close bullish. If it does not do this then, I firmly believe sub 100 will be in play.
Looking on the weekly time-frame price is respecting the 55 EMA. I want a steady and deliberate push from the bull as the bears are losing momentum.
Conclusion we wait. I see daily as turning bull, but weekly we are still bearish and the volume reflects that.
Not advice, just my opinion.
Be a hyena
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Falling Wedge
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I am not impressed LTC. Today, we see if LTC is worth holding or swapping for some BTC.
I have read many a post that LTC is undervalued, but it seems that the market has other ideas.
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Key price levels to break
122 126 130
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Continuing sideways, maybe a breakout later today/tomorrow. We are nearing the 6 month of this bear market